FX.co ★ EUR/JPY Bullish Outlook ,September 02, 2011 (Daily Strategy)

EUR/JPY

The pair euro-yen Japanese usually reflects the market conditions that directly affect it. The technical picture suggests that the pair is on the threshold of very important support level. From a technical perspective, accumulating signs of a possible change in direction of movement of the pair. A new sequence could lead to bullish euro-yen Japanese to previous peak levels around 113.50 or even more up to 117.00 yen per euro.